41 year old Fatia is a happily married mother of two. All her children are in school. Fatia has been in a restaurant business for close to four years now. Inspiration from her close friend is what made her start up this business. Before that, she was more inclined to fishing. Fatia believes her determination will see her make further progress in the near future. It has only been four years, but she feels like a past master already. This makes her upbeat. She feels she can shoulder most of her responsibilities with less disquiet using the business insight she has. Fatia still runs her fishing business though, but on a small scale now. Weekly, this business generates her profits summing up to shillings 65,000. She says she will use the proceeds from the kiva loan to purchase more food stuffs.
This is a Group Loan
In a group loan, each member of the group receives an individual loan but is part of a larger group of individuals. The group is there to provide support to the members and to provide a system of peer pressure, but groups may or may not be formally bound by a group guarantee. In cases where there is a group guarantee, members of the group are responsible for paying back the loans of their fellow group members in the case of delinquency or default.
Kiva's Field Partners typically feature one borrower from a group. The loan description, sector, and other attributes for a group loan profile are determined by the featured borrower's loan. The other members of the group are not required to use their loans for the same purpose.